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According to Onchain Lens monitoring, the USDT circulation on Tron reached 92.35 billion USD at the end of the third quarter of 2026, surpassing Ethereum's 86.69 billion USD.Tron has led since July 23 and maintained this position until the end of the quarter, with a current circulation of 94.25 billion USD.

Senior U.S. officials stated that the U.S.-Russia-Ukraine trilateral talks will involve ending the war, post-war security agreements, de-escalation of the situation, and aid measures.

a16z Chief Legal Counsel Miles Jennings posted on X that the U.S. Securities and Exchange Commission (SEC) has released new FAQs that further clarify its token classification framework. He pointed out that Question 1.4 clearly states that systems can maintain decentralized governance and use legal entities such as DUNA; Question 1.5 distinguishes between licensed and unlicensed systems; and Question 1.6 clarifies the difference between "functional" and "decentralized."The SEC's Division of Corporation Finance updated the relevant Q&A on November 2. The response to Question 1.4 states that participants in a widely governed functional crypto system, if not interconnected and without formal or informal collaborative arrangements other than participating in that governance system, typically do not constitute a group of persons or entities defined as "centralized parties"; even if they do form such a group, they must still possess operational, economic, or voting control to meet the definition of "centralized parties." This conclusion also applies to cases where the governance system belongs to an organization, association, or foundation, and participation is based on holding native crypto assets.The response to Question 1.5 states that centralized party oversight of participants refers to the authority to control access to the system at the protocol, validator, or user level, such as unilaterally granting or restricting access, deciding on upgrade voting procedures, controlling who can participate in consensus, or modifying rule code, revoking transactions, and access. The response to Question 1.6 states that "functional" refers to native crypto assets being usable according to the system's programmed purposes, while "decentralized" refers to the system operating autonomously without any person, entity, or group having operational, economic, or voting control; the two are distinct concepts. The above responses represent the views of the staff of the Division of Corporation Finance and do not constitute SEC rules or statements.

According to Bloomberg, after Binance experienced a record $6.3 billion hack, it has increased incentives for some market makers trading on the platform to boost trading activity. Sources familiar with the matter revealed that shortly after the security breach, the company reached out to smaller trading firms to offer higher commissions in the spot and futures markets.Sources indicated that during this week-long initiative, so-called level 2 and level 3 market makers would receive the same commission rates as level 4 participants, which is the highest tier on the platform. The sources added that these changes are aimed at providing greater financial incentives for smaller liquidity providers to quote on the trading platform and maintain a deeper order book.According to information on its website, Binance primarily categorizes market makers into different tiers based on the liquidity they provide, with companies offering larger trading volumes qualifying for higher tiers, typically receiving larger commissions, thereby reducing their trading costs. A Binance spokesperson stated that the latest measures following the security breach help to calm the market and noted that, just as prioritizing clear communication is important, the company took immediate action to maintain its core competitive advantage in liquidity. According to data from Talos, within 24 hours after the hack, the depth of the Bitcoin order book on Binance dropped by about 30%, with the depth within a 1% price range falling from $45 million to $32 million.

According to Catcher Predict monitoring, the "Yes" option win rate for the sub-market "Kelly Oubre Jr.: Assists O/U 3.5" in the "Hawks vs. Pacers" event on the Polymarket has experienced significant fluctuations, soaring from 22.5% an hour ago to the current 47.5% (a fluctuation of 25%). Please note the impact of related breaking news.

Glassnode released data on social media indicating that BTC sellers have been continuously cutting losses below $80,000. Last week saw the longest duration of daily net realized losses since mid-August.The concentrated loss periods in August and September both formed at local lows. If the price can stay above $75,000, it will once again align with this pattern.

A proposal for token permissions on the XRP Ledger is expected to be activated on Wednesday. This proposal currently has the support of 33 out of 35 trusted validators.Meanwhile, a related independent proposal aimed at preventing unauthorized token holders is still under review and has not yet entered the activation phase.

The People's Bank of China, the Financial Regulatory Administration, and the China Securities Regulatory Commission held a seminar to support two tools for the capital market.The meeting proposed that to maintain the stability of the capital market and enhance market resilience and confidence, the People's Bank of China, the Financial Regulatory Administration, and the China Securities Regulatory Commission will continue to strengthen policy support, further optimize policy elements and implementation details, and encourage financial institutions to effectively utilize policy tools.Timely conduct swap facilitation operations among securities, fund, and insurance companies, further increase the number of participating institutions, appropriately lower swap rates, and optimize pledge and operational models.The stock repurchase and increase in re-lending policy will shift from a phased arrangement to a long-term institutional arrangement, with the re-lending rate reduced from 1.25% to 1%; financial institutions will adhere to the principle of market-based pricing, reasonably add points based on the re-lending rate, and increase loan disbursement.

According to Arkham monitoring, the Binance hacker address has transferred approximately 4 million dollars to three Binance deposit addresses.Arkham believes that these addresses may belong to nested services, which are third-party exchanges that use Binance to provide liquidity and custody services.

The Sun Wukong ecosystem will hold a deep roundtable discussion themed "As Web3 Enters the Revenue-Driven Era: Is the Value Logic of DeFi Changing from the JST Buyback Mechanism Upgrade to Continuous SUN Destruction?" on November 3rd at 8 PM at X Space.This event will focus on recent key developments such as the JUST upgrade of the JST buyback and destruction mechanism and the latest centralized destruction of SUN, exploring how the market's attention to token value is shifting from supply and demand relationships to the connections between real business performance, revenue sources, and token economic mechanisms. Invited industry KOLs will jointly analyze the insights these developments provide for establishing a sustainable token economic model, exploring the value logic of DeFi under a revenue-driven model, and how real business and token economics jointly influence the long-term development of the ecosystem.

According to South Korean media "The Pioneer Economy," the Financial Services Commission of South Korea urgently convened representatives from trading platforms such as Upbit, Bithumb, and Coinone on the morning of November 2 to hold a security inspection meeting. The focus was on checking each platform's preparedness for large-scale hacker attacks and the user asset protection systems.This meeting was scheduled ahead of a security inspection meeting for the entire financial industry on November 5, aimed at understanding the response measures of the South Korean cryptocurrency industry in light of the recent large-scale asset theft incident involving Binance. The meeting will also discuss proposals to increase the proportion of user assets stored in cold wallets.According to South Korea's current "Virtual Asset User Protection Act," trading platforms must store at least 80% of users' virtual assets in cold wallets that are isolated from the internet. Reports indicate that Upbit's cold wallet storage ratio exceeds 99%, Bithumb is around 94%, Coinone is about 85%, while Digital X and Gopax are just above 80%.

According to the Wall Street Journal, sources say that the United States is exploring a new agreement with Russia to deliver Russian natural gas to Europe through Ukraine. U.S. negotiators believe that gas sales provide Russian President Vladimir Putin with the incentive to agree to an energy ceasefire with Ukraine.

A White House official and two insiders revealed that the White House has been preparing for the possibility of a Democratic takeover of Congress for months, developing plans to continue advancing key parts of its agenda through executive power while also preparing for congressional investigations into the Trump administration.Three insiders stated that since April, senior officials, including White House Deputy Chief of Staff Stephen Miller and Budget Director Russell Vought, have been working with the White House Counsel's Office to outline executive actions that Trump could take without congressional approval, covering areas such as immigration, tariffs, housing costs, and federal spending.The White House official indicated that White House Counsel Will Scharf and his team are also examining "what actions Trump can legally take on his own, in what areas he can push the boundaries of his authority, and how to defend these decisions in court."In the past month, Trump has been holding rallies across the country, trying to maintain Republican control of Congress. Meanwhile, his aides are reportedly privately beginning to prepare for a potentially very different political landscape in 2027.

Due to the recent frequent hacker attacks, the Financial Services Commission of South Korea will urgently hold a seminar on responding to AI security threats in the financial industry on November 5, chaired by Chairman Lee Ik-yeon. The meeting will be attended by Financial Supervisory Service Governor Lee Chan-jin, Financial Security Institute Director Park Sang-won, and the presidents of the five major banks: KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH Nonghyup Bank. The focus will be on examining the implementation of security enhancement measures following recent cyber attack incidents in the financial industry.It is reported that this meeting coincides with the expiration of the terms of the five major bank presidents on December 31, and each financial group has initiated the successor selection process. Cybersecurity and internal control capabilities may become important variables in the year-end personnel arrangements of the five major banks.

According to the 21st Century Business Herald, some securities companies and fund companies have been notified that tomorrow morning the central bank and the China Securities Regulatory Commission will hold a meeting to study the promotion of the use of capital market tools.

Binance co-founder Zhao Changpeng stated that the Federal Bureau of Investigation (FBI), the United States Secret Service (USSS), and the Internal Revenue Service (IRS) provided significant assistance in the Binance theft incident, including tracking and freezing assets.Zhao Changpeng expressed gratitude to the relevant agencies and believes that their work is one of the important reasons why Bitcoin did not decline further.Previously, the FBI stated that North Korea is responsible for the theft of over $6 billion in virtual assets from Binance and, along with the USSS and IRS Criminal Investigation Division, observed that the attackers primarily exchanged the stolen assets for ETH.

According to Catcher Predict monitoring, in the market Polymarket for the event "76ers vs. Hornets," the "yes" option for the sub-market "Brandon Miller: Assists O/U 3.5" has experienced a dramatic fluctuation in winning probability, rising from 20.5% an hour ago to the current 37% (a fluctuation of 16.5%). Please note the impact of relevant breaking news.

The Federal Security Service of the Russian Federation stated that it has received information from the United States regarding preparations for a terrorist attack in Moscow and is taking measures. The U.S. Embassy in Moscow reported that there is a threat of mass casualties at the Tsaritsyno Museum Reserve, and the U.S. government is coordinating a response with the Russian side.